mrlewish:The author has a bit of sour grapes I suspects. So no company should ever hire anybody that does not have experience? That means in 50 years time there would be no employment.

It's not about "hiring people with no experience," it's throwing oodles of cash at some guy just out of school who just uses a bunch of buzzwords to describe a service without much research into whether the service is needed.

Over the last few years I've watched my boss deal with angel investors and VC to try and start up another company. It's fascinating. Half the investors walk right back out the door when they realize he's not 20 years old. This may be because they are only interested in hip young talent, or they realize that they are going to be dealing with someone older and wiser and who already runs a successful company, so the investors aren't going to be able to rake their target over the coals in some money-speak "if the company goes big, well the investors will kick you out to put their guy in place kind of scheme because the stock we are offering you is worthless" scheme.

I got to listen in on another discussion between him and different VC. My boss wanted to start the new business in the same office park that our current business is in for convenience so he could keep an eye on both companies. The VC refused to invest because the VC demanded that the company be started in an area 30 miles away, preferably in a loft studio converted from the shell of an old factory because that would make the company "hip and attractive".